Steelcast Ltd
Steelcast Limited (SCL) is engaged in the business of manufacturing Steel and Alloy Steel Castings catering to a host of OEMs for diverse industrial sectors. [1]
- Market Cap ₹ 2,050 Cr.
- Current Price ₹ 203
- High / Low ₹ 256 / 142
- Stock P/E 23.0
- Book Value ₹ 35.6
- Dividend Yield 0.71 %
- ROCE 32.9 %
- ROE 24.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 55.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
- Company has been maintaining a healthy dividend payout of 22.7%
Cons
- Debtor days have increased from 78.8 to 94.6 days.
- Working capital days have increased from 80.9 days to 117 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Castings & Forgings
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 144 | 79 | 137 | 134 | 231 | 318 | 201 | 158 | 302 | 477 | 410 | 376 | 435 | |
| 118 | 80 | 111 | 109 | 188 | 259 | 163 | 126 | 238 | 362 | 292 | 270 | 312 | |
| Operating Profit | 26 | -1 | 26 | 25 | 44 | 59 | 38 | 32 | 64 | 114 | 117 | 106 | 123 |
| OPM % | 18% | -2% | 19% | 19% | 19% | 19% | 19% | 20% | 21% | 24% | 29% | 28% | 28% |
| 1 | 2 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 2 | 3 | 4 | 9 | |
| Interest | 11 | 12 | 14 | 10 | 11 | 10 | 5 | 4 | 2 | 4 | 1 | 1 | 1 |
| Depreciation | 15 | 12 | 12 | 12 | 15 | 16 | 16 | 14 | 18 | 18 | 18 | 13 | 13 |
| Profit before tax | 1 | -23 | 0 | 4 | 19 | 35 | 17 | 16 | 45 | 95 | 101 | 97 | 120 |
| Tax % | 26% | -18% | 69% | 29% | -10% | 29% | 53% | 23% | 26% | 25% | 26% | 26% | |
| 0 | -18 | 0 | 3 | 21 | 25 | 8 | 12 | 33 | 71 | 75 | 72 | 89 | |
| EPS in Rs | 0.05 | -2.03 | 0.01 | 0.29 | 2.06 | 2.47 | 0.79 | 1.19 | 3.29 | 6.97 | 7.41 | 7.13 | 8.80 |
| Dividend Payout % | 0% | 0% | 0% | 41% | 13% | 16% | 15% | 23% | 19% | 28% | 19% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 13% |
| 3 Years: | 8% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 56% |
| 3 Years: | 30% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 49% |
| 3 Years: | 29% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 26% |
| 3 Years: | 30% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 70 | 51 | 62 | 64 | 83 | 105 | 108 | 119 | 146 | 205 | 260 | 316 | 350 |
| 137 | 144 | 128 | 90 | 93 | 64 | 45 | 23 | 63 | 24 | 0 | 0 | 0 | |
| 26 | 21 | 20 | 47 | 58 | 43 | 35 | 40 | 57 | 66 | 54 | 63 | 51 | |
| Total Liabilities | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 | 389 | 411 |
| 142 | 135 | 134 | 125 | 123 | 117 | 107 | 98 | 109 | 142 | 138 | 142 | 151 | |
| CWIP | 7 | 5 | 0 | 1 | 2 | 0 | 0 | 1 | 5 | 0 | 0 | 2 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 21 | 37 | 38 |
| 93 | 84 | 85 | 85 | 118 | 105 | 90 | 93 | 162 | 153 | 164 | 209 | 216 | |
| Total Assets | 242 | 224 | 220 | 211 | 244 | 222 | 197 | 192 | 276 | 305 | 324 | 389 | 411 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 3 | 26 | 13 | 54 | 34 | 29 | -0 | 107 | 82 | 74 | ||
| -42 | -2 | -6 | -13 | -7 | -6 | -4 | -33 | -53 | -38 | -58 | ||
| 2 | -5 | -16 | -22 | 2 | -25 | -14 | 33 | -54 | -45 | -16 | ||
| Net Cash Flow | 0 | -4 | 4 | -21 | 49 | 4 | 12 | 0 | 0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 140 | 97 | 94 | 83 | 65 | 52 | 119 | 91 | 59 | 83 | 95 |
| Inventory Days | 291 | 512 | 214 | 447 | 349 | 99 | 180 | 276 | 330 | 139 | 116 | 219 |
| Days Payable | 89 | 177 | 90 | 260 | 256 | 67 | 82 | 151 | 192 | 120 | 88 | 162 |
| Cash Conversion Cycle | 288 | 475 | 221 | 281 | 176 | 97 | 150 | 244 | 230 | 78 | 111 | 152 |
| Working Capital Days | -1 | -136 | -47 | -30 | -8 | 26 | 46 | 88 | 44 | 44 | 82 | 117 |
| ROCE % | 6% | -5% | 7% | 7% | 17% | 24% | 13% | 12% | 25% | 42% | 40% | 33% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2025.
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Closure of Trading Window
27 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3/9M results (Dec 31, 2025).
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov 2025 - Of Analyst / Institutional Investor meeting under the SEBI (LODR), Regulations 2015
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 Nov 2025 - Transcript of Q2 FY26 earnings call (Oct 31, 2025); Q2 revenue ₹106.7cr, PAT ₹23.2cr; guidance ~12% growth.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
31 Oct 2025 - Q2FY26 earnings call audio posted on company website (31 Oct 2025).
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Sep 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
Products
The company offers casting products like Carbon Steel, Low Alloy Steel, High Alloy Steel, Manganese Steel, and other Superior Grades of Wear and abrasive resistant Steel Castings produced by Bake and Shell Moulding Processes. [1] It is one of few casting companies to manufacture steel castings through the sand and shell molding process to produce 300+ parts ranging from 2.5 kg to 2,500 kgs. [2]